The Taiwan Financial Services Commission (FSC) issued an administrative order designating certain offshore-issued foreign issuer government bonds, corporate bonds and Sukuk as marketable securities that can be traded on the Taipei Exchange (TPEx), enabling these instruments to be dual listed as international bonds on Taiwan’s professional board when sold only to professional investors and denominated in foreign currencies. Foreign issuers may apply to the TPEx for dual listing based on the total issuance amount. Applicants must also comply with the laws and regulations of their jurisdiction of registration when seeking a listing on the foreign stock exchange, and where the foreign market supervisor has a supervisory cooperation agreement with the FSC, the issuer must apply to the TPEx for the listing. The TPEx is adjusting its Rules Governing Management of Foreign Currency Denominated International Bonds, which will set the relevant trading arrangements and requirements for foreign issuers, securities dealers and professional investors, and the FSC has included the initiative in its Asia Innovation Capital programme.